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Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as indicated. Book value at date of change Depreciable cost Revised annual depreciation

Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as indicated. Book value at date of change Depreciable cost Revised annual depreciation

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I cant seem to figure out the formulas for these answers. 

**Formula: Subtract, Divide; Cell Referencing** **Using Excel to Compute Revised Depreciation** **Problem:** On January 1, 2022, the Hermann Company general ledger shows the following information concerning its equipment. - Equipment: $36,000 - Accumulated Depreciation: $13,600 The depreciation resulted from using the straight-line method with the following additional information. - Useful life: 10 years - Salvage value: $2,000 On January 1, 2022, the company concludes that the remaining useful life changes to the following with the same salvage value. - Remaining useful life: 2 years Compute the revised annual depreciation. --- **Student Work Area:** **Required:** Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as indicated. - **Book value at date of change:** [Yellow cell] - **Depreciable cost:** [Yellow cell] - **Revised annual depreciation:** [Yellow cell]
Transcribed Image Text:**Formula: Subtract, Divide; Cell Referencing** **Using Excel to Compute Revised Depreciation** **Problem:** On January 1, 2022, the Hermann Company general ledger shows the following information concerning its equipment. - Equipment: $36,000 - Accumulated Depreciation: $13,600 The depreciation resulted from using the straight-line method with the following additional information. - Useful life: 10 years - Salvage value: $2,000 On January 1, 2022, the company concludes that the remaining useful life changes to the following with the same salvage value. - Remaining useful life: 2 years Compute the revised annual depreciation. --- **Student Work Area:** **Required:** Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as indicated. - **Book value at date of change:** [Yellow cell] - **Depreciable cost:** [Yellow cell] - **Revised annual depreciation:** [Yellow cell]
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